Russians who intend to travel abroad on New Year’s holidays should buy foreign currency before December 5. The corresponding statement was made by the candidate of economic sciences Vladimir Grigoriev.
The fact is that from December 5, new EU oil sanctions will come into force. This concerns the price ceiling for Russian oil. Grigoriev believes that this measure affects a very important industry for the country and may affect the ruble exchange rate, radio reports. Sputnik.
“If the EU oil sanctions come into force, then the dollar may show growth against the ruble. We have such a pattern: when some restrictions or sanctions are introduced against Russia, the national currency begins to temporarily weaken“, – says Grigoriev.
He advised tourists to buy the currency before these sanctions take effect.
Earlier it was reported that political instability could cause an economic downturn with further strengthening of the dollar. This forecast was shared by the chief analyst of Sovcombank Mikhail Vasiliev.
He drew attention to the fact that many experts are talking about a global recession amid record inflation. Rapid rate hikes by central banks, the energy crisis and zero tolerance for the coronavirus in China could also weigh on the situation.
